All Ticker Stories articles – Page 123
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MMC ratings lowered due to Marsh failings
Reflects “the many challenges” Marsh faces over the next two years, says S&P
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Hardy to move to Bermuda
Lloyd’s insurer follows Hiscox, Omega and Kiln to the low tax domicile; will establish Class 3 reinsurer Hardy Re
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Online onlyLockton forms fac reinsurance team
David Cousar from Willis Re and Howard Grace from Aon Re will head the new team
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Online onlyRMS: Climate change will amplify flood exposures
By 2070s 150 million people will be at risk; exposed assets in Miami alone will be over $3.5trn
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Buffett could testify in fraud trial
Warren Buffett is called as a witness in the finite case that caused Hank Greenberg to leave AIG
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XL completes purchase of Swiss Re consultancy
Global Asset Protection Services provides loss prevention consulting services
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Talbot syndicate capacity unchanged for 2008
Insurer warns of 5% premium rate reductions; Talbot Asia receives formal approval
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Glaser returns to Marsh as CEO
Dan Glaser is to return as chairman and chief executive officer of Marsh Inc
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Florida regulator to relax collateral rules
100% collateral requirement “is a barrier to investment by foreign reinsurers in the Florida market”
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S&P rates Scor cat bond
Ratings are based on the creditworthiness of Scor as ceding reinsurer and on Goldman Sachs as guarantor
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Online onlyLarge earthquake triggers Caribbean cat pool
Two Caribbean Catastrophe Risk Insurance Facility participants, Dominica and Saint Lucia, will likely receive a payment
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Scor sponsors EUR160m cat bond
Cat bond provides Scor with retro cover for European wind or Japan quake events
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Online onlyWhittington launches syndicate
Barbican has capacity of £75m and will write specialty lines
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Asia Capital Re signs up with RMS
Models will help improve ACR's understanding of catastrophe risk in the Pan-Asian region
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Reshuffle at Argo Group
Mike Warfield is named president of Colony Insurance and Michael Arledge is named president of Select Markets
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S&P: Catlin ratings unaffected by $75m write-down
Catlin must demonstrate the Wellington deal has not compromised its risk profile
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Catlin reveals $75m subprime exposure
Writedown will be offset by low catastrophe incidence, says Stephen Catlin
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Max Capital opens new US unit
New York-based Max Managers will be led by Bernard (Buddy) Anckner
